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Army Takes Problem with Payday Advances. In fact, these loans are dangerous and harmful, needing sky-high rates of interest and frequently giving individuals in to a downward monetary spiral.

Army Takes Problem with Payday Advances. In fact, these loans are dangerous and harmful, needing sky-high rates of interest and frequently giving individuals in to a downward monetary spiral.

Fort Myer, Va. (Army Information Service, Aug. 21, 2007) – everybody’s heard the familiar radio places cajoling people to simply take out an online payday loan, which will be reimbursed whenever your paycheck comes. It appears effortless sufficient.

In fact, these loans are dangerous and harmful, needing sky-high interest levels and frequently delivering individuals into a downward economic spiral.